New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-27
CINCINNATI, HAMILTON AND DAYTON
J. E. CAMPBELL APPOINTED RECEIVER.
AN 1xrnnEsrING ANp INSTRUCTIVE HISTORY.

AN INTERESTING AND INSTRUCTIVE HISTORY
HAMILToN. Ohio. oct. 26-Judge Vsndorveer, OF Butler
County Common Pleas granted the application OF George
h Duckworth stakeholder in the Cincinnati Hamilton
and Dayton Railroad for the appointment OF a receiver
and for injunction against the directors and officers OF
the company restraining them from issuing. thorugh
Julius Dexter and William NJ Ramsey, directors, aHv
more obligations of the company take up obligations
OF Ives ~ Stayner In nineteen findings OF fact the
Court decide that substantially all OF the allegations
made by DuckwOrth true The assets OF the road
were found 10 I've about SsOOO0oO and the liabilities
practically no money on hand TO meet liabilities and
that the road insOven is fonnd that the manage
ment was bad. James f. Campbell, of Hamilton at
torncy. was appointed receiver
This doss MOI end the will be TSorsneS at at
restraining order ana an Injunction 49, against
the receiver taking possession Of the road This pro-
ceeding will he followed IN the same conrt by Tehear
ing of the case on error exceptions having been taken
The dispatches from Hamilton. Ohio announce that
Judge N.ndcrvccr has appointed james +. Campbell
of that place receiver OF the Cincinnati. Hamilton and
Dayton Railway. The history OF the road for the last
three years is Interesting and instructive.
When the present admin >tration of the Erie assumed
control. il had the power under an agreement aS then
nlcrprcatcd elect the Board of Directors Of the Gin
cinnati. Hamilton and Dayton Company. tho conSiderl
ton being tina, the Erie should make good any deficiency
in dividend of the c. IL. and d. up to per cent per
annum The business Of the G.. II and ID. had been TO
that time and uniil the dissolved, prosper
that call made upon the Erie. The 0grcc-
lncnt provided that the trustee Nh H. j. Jcwe should
give the proxy the president of the Erie The eNpec
taton seemed to lie that. Mr. Jcwcit had for many
wears been president of both the c. H. and d. and the
Erie he would continue 10 set in those capacities for an
unlimited period. But Mr.. Jewctt resigned n president
of the Erie aud when called upon by M (ottlandt
Parker ana subsequently by Mr.. b. II. Brsiow. 70 sign
the proxy in favor president OF the Eric ne
declined various. hut alleged frivolous. prcteNt~
However tins may lie. 1t j. Tact that someho" Mi.
Jcweit managed when In Ohio. 80 get himself into the
hands oi the courS officers and the result was lawsuit
in Cincinnati. wherein Mr.. shafcr asked That
the arrangements between the C., H. and u. ana Eric
should be broken After prolonged litigation decree In
suhsaucc in accordance with thc pc lion granted
Then the Erie Company not only Withdrew from the
trust. and sold its large block Of stoc, very much
above the present market price. but transferred lis
large. regular and profitable business from the g. IL.
and d. TO the Vanderbilt line running between Dayton
and Cincinnati upon more al outrageous terms From
this time the troubles OF the G.. II. and u appear 10
have commenced \ combination known is the Thomas
Bryce syndicate undertook secure the tIol of The
property. bur they were outhu by the Stayncl Ives
"coruhuafion, ia wnicl. ii is said. Nice-P President
Waite. brohcr-inaw OF Mr. Jewct;, contributed hi- i'll
nuVnco.
one Of the trustees. Nj Hooper, Is reported TO have
remarked that the or .ira guarantee OF the Enc of
about the value OF pinch of SNUFF" and yet to-day
even this douAtcr would probably be clad 10 have tno
Eric Endorsement rather than the property into
the hands OF a receiver.
The moral all this is evident Mr.. dcwcti, becau-c
he could not rule the Erie. undertook TO rua " IT,
The result l. that the inevitable boomerang went
round and runcd tie G.. II. and d. instead OF the Erie.